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Good news report from Canada
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23 October 2008
14 October was the 14th day of the fourth month of the 3rd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:
14 October 2008
Canwest News Service - TSX has best one-day gain on record (14 October 2008) The Toronto Stock Exchange, closed Monday for Thanksgiving, had its best day on record Tuesday as the main index rose almost 10 per cent one day after stocks in the US and around the world surged. The TSX composite index closed at 9,955.66, a gain of 890.5 points, or 9.82 per cent. The previous record for a point gain was 848.42 on 19 Sept. this year, and the best proportional rise before Tuesday was 9.03 per cent on 21 Oct. 1987. TSX records go back as far as 1977. In early action Tuesday, the TSX composite was up more than 1,600 points, or 18 per cent. Reuters reported it was the biggest intra-day gain ever. Robert Kavcic, economic analyst with BMO Capital Markets, attributed the gains to 'just the fact that governments and central banks around the world have finally stepped up with some co-ordinated action'.
From a Bloomberg News report on this: Nine stocks gained for every one that fell. A gauge of financial companies surged 12 per cent for the biggest advance since at least December 1987. Royal Bank, the nation's biggest lender, gained 15 per cent, the most in at least 25 years. Manulife Financial, Canada's biggest insurance company, rose 15 per cent for its biggest-ever gain. Teck Cominco, Canada's biggest diversified mining company, rose 15 per cent for the steepest rise since 2002. Gauges of energy and raw-material stocks gained 14 per cent, and 6.3 per cent, respectively. All 10 sectors in the TSX advanced. Research In Motion, maker of the Blackberry phones, rose 9.4 per cent.
From a CBC News report on this: The New York index jumped more than 936 points on Monday, partially reflecting improved feelings about the economy as word leaked out that Washington wanted to invest directly in the country's distressed financial sector. The Bank of Canada said it 'strongly welcomes the decisive actions announced today by the US authorities', and Canada's economy and financial system 'will benefit directly'.
The Canadian Press Canadian government unlikely to buy financial shares (14 October 2008) Canada's government is unlikely to buy up shares in the country's domestic banks because local financial institutions are in much better shape than their counterparts elsewhere, suggest market observers. National Bank analyst Robert Sedran says Canadian banks have emerged relatively unscathed by the subprime problems because of more conservative lending practices. 'The banks in Canada have strong balance sheets and are doing fine,' he said. The federal government has made efforts to aid the local financial system without fully putting its hands into their operations. On Friday, it bought C$25 billion in residential mortgages to give the chartered banks more cash for loans.
The Financial Post on small business set to outperform (14 October 2008) Many small and medium-sized businesses are poised to outperform the rest of the economy because their flexibility allows them to move quickly to capitalize in areas of accelerating growth, as well as to make cost-saving adjustments, according to a new report from CIBC World Markets. 'If it were not for small businesses, the economic slowdown would have been even more significant,' said CIBC economist Benjamin Tal, noting that its small and medium-sized enterprises (SME) economic activity index outperformed the broader economy as it softened in the first two quarters of 2008. The labour market also demonstrates the resilience of the SME sector as companies with fewer than 100 employees created an estimated 130,000 new jobs during the year ending March 2008—nearly 39% of all jobs created. That compared with just 28% in early 2007. In the first eight months of 2008 SMEs created 90,000 jobs. 'When the rebound happens—and it's not a case of if, but when—it will be led by the small business sector,' said Ted Mallett, chief economist at the Canadian Federation of Independent Business. He noted that small businesses have always been the most stable form of employment across Canada. 'Small firms tend to be the stabilizing force in the economy,' Mr Mallett said.
The Toronto Star - Old-school laundry staples make comeback (11 October 2008) Traditional practices like line drying are making a comeback. Textiles last longer on an outdoor line because they don't get 'burned' by hot dryer air and a bundle is saved on the electricity bill (also reducing greenhouse gas emissions).
The Globe and Mail - Making their language sing (14 October 2008) A native singer-songwriter hopes a grant from the Canada Council will help three generations of her family make beautiful music together, and at the same time save their critically endangered indigenous language. Kym Gouchie, 43, received C$8,000 from the council to write and record songs in the Lheidli dialect, a branch of the Carrier language group of northern British Columbia. Only three elders of the Lheidli T'enneh people still speak the language fluently, including Ms Gouchie's 87-year-old grandmother, Mary Gouchie. Kym said her grandmother and 67-year-old aunt, Jeannette Kozak, who also teaches Lheidli to school-age children part-time, would provide what she didn't have in terms of linguistic accuracy, as well as regional stories and traditions that could be translated into song. A performer with the drumming and a cappella group Iskwew, Kym, who is also of Cree and Shushwap ancestry, already sings and writes in Cree and other native languages. The songs that come from the year-long project will eventually appear on a Lheidli-only album. Mary Gouchie, now a great-great-grandmother, has been helping Kym with the intricacies of Lheidli. 'I want my own granddaughter to learn the language,' Kym said. 'It is so important to me that our language is carried down to future generations,' Kym's grandmother said.
The Canadian Press - Quebec to forge ties with fashion industry to tackle issue of ultra-thin models (14 October 2008) A Quebec minister revealed plans to forge ties with the fashion industry to address the issue of ultra-thin models in the province. Christine St-Pierre, minister of culture, communications and the status of women, said a plan is in motion to see a committee formed by the end of the month of between 25 to 30 people from different parts of the business to work in tandem with the province on drafting a charter by next spring. St-Pierre said the government is seeking an agreement with the fashion, marketing, publicity, and retail sectors of the industry that would see them involved in helping the models. While the problem may be more widespread than the fashion business, the minister said the industry can play a role in educating and informing young women. St-Pierre said former models, fashion companies, and many others involved in the business have already expressed interest in taking part. 'We have to teach to those models what it is to be in good health and good shape and have good habits to eat well,' St-Pierre said. Organizers of Fashion Week now taking place in Montreal said they were 'making every effort' to put attention on this issue and help models make better choices for their health. St-Pierre met Tuesday with Fashion Week organizers who, she said, were very interested and motivated to work with them. St-Pierre said Economic Development Minister Raymond Bachand and Health Minister Yves Bolduc are also on board.
These are a few of the news reports reflecting Canada's rising invincibility from the growing Yogic Flying groups across Canada and the Invincible America Assembly at Maharishi University of Management and Maharishi Vedic City, USA.
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